__^i
SUMMEY DM16 COMPMY, MC.
PRESCRIPTIONS A SPECIALTY
1*7 Sooth Main Street Telephone No. 9
MOUNT HOLLY, N. C.
GREETINGS
MASSEY-CLARK CO.
DEALERS IN HARDWARE
Tel. 16S
MT. HOLLY, N. C.
ANNIVERSARY GREETINGS
HICKORY FLOUR MILLS
HICKORY, NORTH CAROLINA
HICKORY PRCKIH6 COMPANY
Packers of
PORK—BEEF—MUTTON
HICKORY, N. C.
COMPLIMENTS OF A FRIEND
HICKORY, N. C.
GREETINGS TO LABOR
IVEY WEAVERS, Inc.
Manufacturers Of
FINE COTTON CLOTH
HICKORY, N. C.
BASIC MATERIALS I
RECEIVE PRIORTY
OR AMORTIZATION
Ninety accelerated tax amorti
sation certificates on defense fa
cilities coating approximately
$291,112,376 were authorized by
the Defense production Adminis
tration between April 27' andd
May 3.
The program of rapid tax am
ortization benefits, designed to
encourage quick expansion of the
defense production capacity, be
came effective October 30, 1950.
Since that date. 1,103 certificates
have been issned, the total amount
eligible for amortization amount
ing to $5,088,939,786.
An industry-by-industry sum
mary of expansion scheduled un
der this program discloses that top
priority has been given to pro
duction of basic materials such
as iron and steel, non-ferrous
metals, rubber, fiber glass, ce
ment, and lumber.
As of April 13, basic material
production accounted for 47.2 per
cant of all new facilities certified
for rapid tax.
Industries processing basic ma
terials received the second largest
dollar share of certifications, and
finished product industries ac
counted for the third largest
group of certifications.
DP A pointed out that acceler
ated tax amortization for facil
ities producing finished products,
with the exception of specialized
military equipment, will continue
to constitute a relatively small
volume compared to projects
which increase the supply of basic
materials for defense production.
DPA stated, however, that the
rate of certifications for basic
materials is declining. On Janu
ary 30, three months after tne
program was started, the percent
age of authorizations for basic
* materials was much higher, the
scheduled iron and steel expansion
accounting for 83 per cent of the
total.
By April 13, as emphasis shift
ed to other programs, the portion
going to the iron and steel in
dustry had dropped to 40 per
cent.
IT’S UP TO CONGRESS
TO BATTLE INFLATION
THROUGH BETTER LAW
The people are wondering what
Congress is going to do about
strengthening the Defense Pro*
duction Act.—the law which was
supposed to hold down inflation.
The Act dies June 30. And
with it will die so-called controls
oh prices, on charge accounts at
the stores and on money bor
rowed to build or buy houses.
At the same time, the rent con
trol law—which is not part of the
Defense Production Act—also will
expire.
About the only thing which the
Act has accomplished has been to
freeze wage raises to 10 per cent
—despite a jump of 22 per cent
in corporation profits after the
Korean war began—and to allow
grain gamblers to run up the
cost of food.
Trade unionists — whose aver
age income is about enough to
maintain their families at 1914
living standards—want to know
if Congress will plug the tax
loopholes i-: control the cost of
food at the grocery store and, at
the same time, assure farmers a
fair price fr their products and
pass a strong rent control law.
As far back as December
the United Labor Policy Commit
tee told President Truman that
the Defense Production Act
"should be promptly amended to
accomplish these ends.” The
committee represents 16 million
organized workers.
The worker, the small business-!
man and the housewife are
watching Capitol Hill to see if
their Senators and Representa
tives have the courage to ignore
the Big Business lobbyists, and
the common sense to pass a de
cent law that will insure equality
of sacrifice coring the defense
emergency.
PUBLIC SUPPORT FOR
PRICE CONTROLS
OPS Director Michael V. Di
Salle said: “During my service
as director of price stablisation,
I have learned that the American
people generally have a pretty
sound knowledge of price controls.
“Five years of stabilisation un
der OPA educated them to what
price controls can really accom
plish. We are counting on this
public knowledge to give ns the
support we need to make price
controls a success, to enforce
controls with the tscking of pub
lic sentiment, to have both the
advantages and the burdens of
controls shared equitably among
all the people.”
When yon tee a -Union Shop
Card you know the firm which
displays it pays Union wares and
observes Union worldnr condi
tions. Non-Union firms do not
display the Shop Card. Look
for it!
ANNIVERSARY GREETINGS
GRIFFIN IMPLEMENT & MILLING COMPANY
GIMCO FEEDS
MONROE, NORTH CAROLINA
'
GREETINGS TO LAROR
AMERICAN BANK AND TRUST COMPANY
COMPLETE BANKING SERVICE
4 \
MONROE, N. C.
COMPLIMENTS
PEERLESS SPINNING CORPORATION
LOWELL, NORTH CAROLINA
BEST WISHES
NATIONAL WEAVING COMPJMY
LOWELL
NORTH CAROLINA
vi
HOME YOU'LL NEED
v
Matties Cooler
When you think of those stifling
Summer months think of th:s
fon's circulating 1200 cu. ft. of
oir per minute.
29.95
All-Metal Chair
Comfortable ribbon steel chair.
White frames with seofoam
green. Chinese red, or canary
yellow. Ideol for the yard or ter
roce.
5.95
Durable Mower
Mowing your lawn will be o pleas
ure with this 16" self-sharpen
ing mower. Ball bearing, metal
handle. Reg. 22.95. Limited
quantity.
14.50
I
' ' r£.■ '• •. ; »#. . , ■ • ' \
Easy Terms Arranged
To Suit Your Budget
★
227 NORTH TRYON STREET
[ i
E. H. Hines
Construction Company, Inc.
General Contractors
P
Reynolds Street Extension
Phone 3932
Long Distance 17
Greenwood, South Carolina